Artificial Intelligence
With 19.1% CAGR, Orthodontics Market Size to Surpass USD 26.35 billion by 2029
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Pune, India, Feb. 02, 2023 (GLOBE NEWSWIRE) — The global orthodontics market size was gauged at USD 6.73 billion in 2021. The market is projected to grow from USD 7.77 billion in 2022 to USD 26.35 billion by 2029, exhibiting a CAGR of 19.1% during the 2022-2029 period.
Orthodontics involves the correction and prevention of misaligned teeth and incorrect jaw positioning. Aesthetics and function are the leading reasons to seek orthodontic treatment. The growing prevalence of dental disorders such as malocclusion, crooked teeth, cross-bite, and bite problems coupled with rising awareness regarding the importance of dental care will aid market expansion in the coming years.
This information is provided by Fortune Business Insights, in its report titled, “Orthodontics Market, 2022-2029.”
Industry Development:
March 2022- Dentsply Sirona partnered with Dental Medical Ireland (DMI), an Irish distributor, to boost the sales of SureSmile clear aligners.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 19.1% |
| 2029 Value Projection | USD 26.35 billion |
| Base Year | 2021 |
| Market Size in 2021 | USD 6.73 billion |
| Historical Data | 2018 to 2020 |
| No. of Pages | 215 |
Key Takeaways from the Orthodontics Market:
- The increasing adoption of digital tools such as Machine Learning (ML) and Artificial Intelligence (AI) for treatment is one of the trends emerging in the market.
- The rising prevalence of dental malocclusions worldwide is one of the primary reasons for market expansion.
- The North America market generated a revenue of USD 3.19 billion in 2021
- Align Technology, Inc. accounted for significant global orthodontics market share.
DRIVING FACTOR:
Increasing Adoption of Machine Learning and Artificial Intelligence Technologies to Aid Market Expansion
The rising adoption of artificial intelligence and machine learning technologies will facilitate the global orthodontics market growth in the upcoming years. Artificial intelligence has undergone substantial developments recently and its application will result in increased efficiency in the domain. The application of artificial intelligence in 3D printing will propel the market even further. The adoption of artificial intelligence and machine learning in manufacturing and customizing clear aligners has been enabling healthcare professionals to practice greater efficiency in treatment planning and outcomes.
On the other hand, high costs and side effects associated with treatment such as severe pain, allergic reactions, or soft tissue injuries will pose as challenges for businesses operating in this domain.
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Segments:
Supplies Segment to Dominate Backed by Growing Demand for Clear Aligners
Based on product type, the market is bifurcated into instruments and supplies. Among these, the supplies segment accounted for the significant market share in 2021, owing to surging demand for clear aligners and launch of advanced clear aligners by leading companies.
Dentist & Orthodontist Owned Practices Segment to Lead Stoked by Rising Number of Dental Clinics
As per end-user, the market is split into dentist & orthodontist owned practices and others. Among these, the dentist & orthodontist owned practices segment captured the largest market share in 2021 due to rising number of patients, a growing number of dental clinics worldwide, and surge in product demand.
Geographically, the market is segregated into North America, Europe, Asia Pacific, and Rest of the World.
REGIONAL INSIGHTS:
North America to Hold Dominant Share Owing to Rising Prevalence of Dental Disorders
North America dominated the global market in 2021 reaching a valuation of USD 3.19 billion due to rise in the number of adults opting for braces, clear aligners, and other treatments. Growing prevalence of dental disorders and increasing awareness regarding importance of dental care are the factors contributing to market proliferation in this region.
Europe held the second largest share in the global market in 2021 and will record moderate growth in the upcoming years due to increasing focus on dental treatment, better healthcare facilities, and availability of efficient and technologically advanced products.
Meanwhile, the Asia Pacific market is projected to expand rapidly in the coming years while recording the highest CAGR among all regional markets. The rising number of dental clinics & multispecialty hospitals and growing availability of product supplies in economies such as Australia, China, and India will contribute to market growth in this region.
COMPETITIVE LANDSCAPE:
Leading Players Focusing on Enhancing Product Offerings to Hold Major Market Share
Industry leaders such as Ormco Corporation, Align Technology Inc., and Institut Straumann AG are focusing on expanding their product portfolio by participating in collaborations, mergers & acquisitions, or research & development activities. For example, in June 2021, Align Technology Inc. unveiled the iTero workflow 2.0 software with advanced features such as enhanced visualization, improved patient communication tools, and faster scanning abilities.
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The Report Lists the Key Companies in the Orthodontics Market:
- Dentsply Sirona (U.S.)
- AMERICAN ORTHODONTICS (U.S.)
- Institut Straumann AG (Switzerland)
- Align Technology, Inc. (U.S.)
- 3M (U.S.)
- Henry Schein, Inc. (U.S.)
- DB Orthodontics (U.S.)
- ENVISTA HOLDINGS CORPORATION (U.S.)
- Angelalign Technology Inc. (China)
- TP Orthodontics, Inc. (U.S.)
Some major points from Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Prevalence of Malocclusion (in billions) – by Key Countries (2021)
- Estimated Number of Orthodontists – Key Countries (2020)
- Pricing Analysis
- Technological Developments
- Key Industry Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of COVID-19 on the Market
- Global Orthodontics Market Analysis, Insights and Forecast, 2018-2029
- Market Analysis, Insights and Forecast – By Product Type
- Instruments
- Supplies
- Fixed
- Brackets
- Bands & Buccal Tubes
- Archwires
- Others
- Removables
- Aligners
- Retainers
- Others
- Fixed
- Market Analysis, Insights and Forecast – By End-user
- Dentist & Orthodontist Owned Practices
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
- Market Analysis, Insights and Forecast – By Product Type
- North America Orthodontics Market Analysis, Insights and Forecast, 2018-2029
- Market Analysis, Insights and Forecast – By Product Type
- Instruments
- Supplies
- Fixed
- Brackets
- Bands & Buccal Tubes
- Archwires
- Others
- Removables
- Aligners
- Retainers
- Others
- Fixed
- Market Analysis, Insights and Forecast – By End-user
- Dentist & Orthodontist Owned Practices
- Others
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
- Market Analysis, Insights and Forecast – By Product Type
- Europe Orthodontics Market Analysis, Insights and Forecast, 2018-2029
- Market Analysis, Insights and Forecast – By Product Type
- Instruments
- Supplies
- Fixed
- Brackets
- Bands & Buccal Tubes
- Archwires
- Others
- Removables
- Aligners
- Retainers
- Others
- Fixed
- Market Analysis, Insights and Forecast – By End-user
- Dentist & Orthodontist Owned Practices
- Others
- Market Analysis, Insights and Forecast – By Country/Sub-region
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Market Analysis, Insights and Forecast – By Product Type
TOC Continued……………….
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Related Links:
Clear Aligners Market Size, Share, Growth Industry Report, 2022-2029
Invisible Orthodontics Market Share, Size, Demand and Forecast 2023-203
U.S. Orthodontics Market Size, Share, Growth Industry Report, 2022-2029
Dental Adhesive Market Share, Size, Demand and Forecast 2023-2030
Dental Equipment Market Share, Size, Demand and Forecast 2020-2027
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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Artificial Intelligence
Aetina Accelerates Embedded AI with High-performance, Small Form-factor Aetina IA380E-QUFL Graphics Card
TAIPEI, April 25, 2024 /PRNewswire/ — Aetina, a leading Edge AI solution provider, announced the launch of the Aetina IA380E-QUFL at Embedded World 2024 in Nuremberg, Germany. This groundbreaking product is a small form factor PCIe graphics card powered by the high-performance Intel Arc A380E GPU.
Unmatched Power in a Compact Design
The Aetina IA380E-QUFL delivers workstation-level performance packed into a low-profile, single-slot form factor. This innovative solution consumes only 50W, making it ideal for space and power-constrained edge computing environments. Embedded system manufacturers and integrators can leverage the power of 4.096 TFLOPs peak FP32 performance delivered by the Intel Arc A380E GPU[1].
Beyond Small Size: Big Capabilities
Despite its compact size, the IA380E-QUFL offers native support for 4 mini-DisplayPort outputs and 6GB of GDDR6 memory, enabling the connection of multiple high-resolution displays (UHD). This makes the IA380E-QUFL an excellent choice for a wide range of applications, including commercial gaming, video walls, medical imaging, and visual inference for smart cities.
“The demand for slim and energy-efficient AI systems is rapidly escalating,” said Jackal Chen, Senior Product Manager at Aetina. “The Aetina IA380E-QUFL addresses this need head-on, offering a powerful GPU solution in a compact, single-slot form factor with minimal power consumption. This empowers developers to create powerful and efficient edge systems for a wide range of applications.”.
Unparalleled Commitment: 5-Year Product Supply
Acknowledging the critical need for long-term product stability in industrial applications, Aetina ensures a 5-year product supply for the Aetina IA380E-QUFL, which streamlines system roadmaps and reduces the need for costly redesign. Our commitment is aligned with Intel’s announced product plans for the Intel Arc A380E GPU.[1]
[1]https://www.intel.com/content/www/us/en/content-details/820389/intel-arc-gpu-for-the-edge-public-30-3-30.html?wapkw=Intel%20Arc%20GPU%2030-3-30&DocID=820389 Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.
IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
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Artificial Intelligence
Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment
This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
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